020 7898 0500Sterling markets received a rare boost on Monday as Andrea Leadsom pulled out of the race to become Conservative leader, clearing the way for Theresa May to be installed as Prime Minister tomorrow. Despite sterling coming under early pressure over concerns that the Bank of England (BoE) could cut interest rates this week, political events in the UK saw the UK currency rally throughout the afternoon as the promise of some political stability..
Today will see BoE Governor Mark Carney speak, and with financial stability the topic in question, investors will be listening intently for hints of any monetary policy changes which could be announced by the central bank on Thursday.
If you are looking to buy or sell sterling, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
